SEDCO Capital, in its capacity as the Fund Manager of SEDCO Capital REIT Fund wishes to assure the unitholders that we are closely monitoring the current global situation and latest developments associated with the COVID-19 pandemic. Given the current circumstances, a wide range of precautionary measures have been implemented by Saudi Government to limit the spread of coronavirus (COVID-19), such as temporarily closing shopping centers, limiting working hours and curfews. As a result, the Fund Manager has received several requests from multiple tenants to consider temporary reductions of their contractual obligations. Therefore, the fund manager is considering dealing with these requests in a manner that maintains the interests of the unitholders and tenants in the same time. In addition, the Fund Manager is also studying several other initiatives that would contribute positively to the Fund's operational performance. Since the pandemic is still evolving globally and locally, it is difficult to predict the magnitude and precise financial impact of this temporary condition. Therefore, the Fund Manager distributed 6.1% on an annual basis for the first quarter of 2020 in accordance with the Fund's terms and conditions. The Fund Manager will disclose any material developments related to this matter in a timely manner on its website as well as the Exchange’s.

7 April, 2020

SEDCO Capital, in its capacity as the Fund Manager of SEDCO Capital REIT Fund wishes to assure the unitholders that we are closely monitoring the current global situation and latest developments associated with the COVID-19 pandemic. Given the current circumstances, a wide range of precautionary measures have been implemented by Saudi Government to limit the spread of coronavirus (COVID-19), such as temporarily closing shopping centers, limiting working hours and curfews. As a result, the Fund Manager has received several requests from multiple tenants to consider temporary reductions of their contractual obligations. Therefore, the fund manager is considering dealing with these requests in a manner that maintains the interests of the unitholders and tenants in the same time. In addition, the Fund Manager is also studying several other initiatives that would contribute positively to the Fund’s operational performance. Since the pandemic is still evolving globally and locally, it is difficult to predict the magnitude and precise financial impact of this temporary condition. Therefore, the Fund Manager distributed 6.1% on an annual basis for the first quarter of 2020 in accordance with the Fund’s terms and conditions. The Fund Manager will disclose any material developments related to this matter in a timely manner on its website as well as the Exchange’s.

Saudi Economic and Development Securities Company (SEDCO Capital) announces the distribution of cash dividend to SEDCO Capital REIT Fund unitholders for the period from 01 January 2020 to 31 March 2020 as follows:

Total dividend distribution SAR 9,150,000.
Cash distribution will be based on 60,000,000 existing units.
Dividend distribution amount is SAR 0.1525 per unit, which represents 1.525%of the initial price, which translate to 6.10% on an annual basis.
Dividend represents 1.55% of the net asset value according to the latest issued financial statements as of Tuesday 31 December 2019.
The entitlement of dividends shall be for the unitholders registered in the records of the Securities Depository Center by the end of Monday 13 April 2020 (end of trading day on Thursday 9 April 2020).
The dividend will be paid within 60 days of the record date.

The Fund Manager wishes to remind the unitholders to update their bank accounts to ensure depositing the outstanding dividend to their accounts directly.